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U.S. GDP Hits 26-Year Low

posted by camac 1212 days ago in USD, GDP

It's a sign of the times: the quarter that brought economic growth to a 26-year low actually beat expectations.

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Why gold should rise to $2,200

posted by camac 1213 days ago in Gold

What is in a number...? Ignoring the day-to-day noise, more than a handful of gold dealers and analysts reckon gold will hit $2,200 an ounce before this bull market is done.

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Dollar falls further after jobless, durable goods order

posted by camac 1213 days ago in USD, Employment, Manufacturing

The dollar came under added pressure on Thursday, especially against the yen, after the latest round of date on jobless and orders for durable goods.

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Inflation rises marginally to 5.64%

posted by camac 1214 days ago in USD, Inflation made popular 1213 days ago

The headline inflation rate for the week ended January 17 rose to 5.64 per cent, against 5.60 per cent in the previous week.

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Oil rises on positive company earnings

posted by camac 1214 days ago in Oil

A ripple of market optimism boosted oil prices Wednesday as major U.S. companies announced profits despite the worst recession since the 1930s.

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AUD May Drop to Record Versus Yen: Chart of Day

posted by camac 1215 days ago in JPY, AUD made popular 1215 days ago

Australia’s dollar may fall to its weakest level against the yen as Japan’s deepening recession pushes the Nikkei 225 Stock Average toward a 26-year low.

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Consumer Confidence in U.S. Probably Held Near Record Low

posted by camac 1215 days ago in Consumer made popular 1215 days ago

Confidence among consumers probably held near a record low in January as a growing number of Americans lost their jobs and houses, an industry report may show.

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Euro falls against dollar to $1.2818

posted by camac 1219 days ago in USD, EUR

The euro fell against the dollar on Friday as concern about the strength of economies in Europe grew.

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European Services, Manufacturing Contract for Eighth Month

posted by camac 1219 days ago in EUR, Manufacturing made popular 1219 days ago

Europe’s manufacturing and service industries contracted for an eighth month in January as the global recession curbed demand for exports and damped spending.

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